The EU is very populated but ages. Its economy is great but slow. Its productivity is not bad, but it is vitiated by excessive leisure. Is
The European Union is characterized by a high population density, yet its demographic trends show an aging population. As a result, while the EU maintains a strong economy, its growth pace is sluggish, leading to concerns about long-term sustainability. This challenge is compounded by a workforce that, despite reasonable productivity levels, is hindered by a culture that prioritizes leisure over work.
Niall Ferguson's book "Colossus" offers insights into the EU's complex economic landscape, emphasizing the need for a balance between productivity and leisure. The text underscores how demographic shifts and a slower economy can pose risks for the future, questioning the region's adaptability and resilience in an increasingly competitive global market.
